What this calculator does
Use this calculator when you have a tax-inclusive amount and want to isolate the net amount and the VAT portion using an editable VAT rate.
Tax and VAT
Extract VAT from a gross amount when the listed price already includes tax.
Use this calculator when you have a tax-inclusive amount and want to isolate the net amount and the VAT portion using an editable VAT rate.
Net amount = gross amount / (1 + VAT rate). VAT amount = gross amount - net amount.